ACI Worldwide, Inc. (NASDAQ:ACIW) Given Average Recommendation of “Moderate Buy” by Brokerages

ACI Worldwide, Inc. (NASDAQ:ACIW) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $49.50.

A number of brokerages have weighed in on ACIW. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their target price for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th.

ACI Worldwide Stock Performance

ACI Worldwide stock opened at $51.90 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $5.44 billion, a PE ratio of 24.60 and a beta of 1.19. The company has a 50 day moving average price of $53.80 and a 200-day moving average price of $48.28. ACI Worldwide has a fifty-two week low of $28.79 and a fifty-two week high of $59.71.

Insider Buying and Selling

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of ACI Worldwide stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the transaction, the director now directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the sale, the chief technology officer now owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ACI Worldwide

A number of large investors have recently modified their holdings of ACIW. JPMorgan Chase & Co. boosted its stake in ACI Worldwide by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,010 shares of the technology company’s stock worth $13,133,000 after purchasing an additional 8,914 shares in the last quarter. Peapack Gladstone Financial Corp acquired a new stake in shares of ACI Worldwide during the third quarter worth $220,000. Cim Investment Management Inc. acquired a new stake in shares of ACI Worldwide during the third quarter worth $206,000. Hohimer Wealth Management LLC purchased a new stake in shares of ACI Worldwide during the third quarter valued at $229,000. Finally, Geode Capital Management LLC increased its position in shares of ACI Worldwide by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock valued at $127,407,000 after acquiring an additional 31,561 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.